Dear Mr. Sreekanth,
I am an NRI. In the year 2014, I had given 32laks rupees to my friend to improving his business( all money through bank cheques and bank tranfers only, no hand cash involved). Now he returned 36laks ( this also through bank transfer only ). I have all the proof of money transfered or received . So please let me know for this any income tax need to pay. or should i file income tax return file. I already invested in buying a plot.
Thank you verymuch
With regards
Dinesh